Tampa Electric Plans to $800 Million Investment in New Solar Power Generation

LCG, February 24, 2020--Tampa Electric recently announced plans to expand its use of solar power to meet customer needs in Florida. The company plans to invest approximately $800 million to add 600 MW of solar electric generating capacity by the end of 2023, when the total solar capacity would exceed 1,250 MW. Solar power will then account for about 14 percent of the utility's energy.

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AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Industry News

PPL Explores Development of New Nuclear Reactor

LCG, June 14, 2007--PPL Corp. is considering the construction of a third reactor at its Susquehanna plant in northeastern Pennsylvania. PPL has notified the U.S. Nuclear Regulatory Commission (NRC) of its plans to submit an application for a combined construction and operating license (COL). Furthermore, PPL filed a request with the PJM Interconnection for preliminary transmission interconnection studies for the Susquehanna site.

The existing Susquehanna plant consists of two reactors with a combined electric generating capacity of 2,360 MW. The operating licenses for Susquehanna 1 and 2 were issued in 1982 and 1984, respectively, and the licenses for Susquehanna 1 and 2 expire in 2022 and 2024. The facility is jointly owned by PPL Susquehanna, LLC and Allegheny Electric Cooperative Inc. and is operated by PPL Susquehanna.

Filing the application for a COL with the NRC should enable PPL to meet the application submittal schedule criteria for receiving financial incentives included in the Energy Policy Act of 2005. PPL estimates the cost to proceed with the licensing phase to be approximately $70 million, which would primarily be spent by the end of next year.

PPL stated that it has not yet made a decision to move forward with construction. In addition, given the market, construction and regulatory uncertainties, along with the large capital commitment for a nuclear project, PPL would proceed with construction only in a joint venture arrangement.

PPL's interest in developing new nuclear reactors is not unique, especially given current concerns with respect to climate change and a corresponding effort to reduce the use of fossil fuels. In that nuclear reactors emit no greenhouse gases, many companies are now cautiously pursuing nuclear power, and new reactor designs are being planned as well.

Up until recently, most of the nuclear development activity was led by utilities in the Southeast, like Duke, Dominion, Southern Company, TVA, Entergy and Progress, and these companies generally planned on using either Westinghouse or GE passive nuclear designs. This year, utilities outside of the Southeast have stepped forward to pursue the development of nuclear reactors, typically through the addition of reactors at existing nuclear sites. For example, last month UniStar Nuclear notified the NRC that it has selected a site adjacent to Constellation Energy's existing Calvert Cliffs Nuclear Power Plant in Maryland for Unistar's first COL application. Unistar Nuclear's application will include AREVA's 1,600-MW, U.S. Evolutionary Power Reactor (US EPR).

Mitsubishi Heavy Industries Ltd. in March announced that it had received an order for two nuclear reactors from TXU Corp. and that it plans to submit its application to receive the reactor design certification from the NRC by the end of 2007. The order is for two US-APWRs, Mitsubishi's new pressurized water reactor. The generating capacity of each reactor is 1,700 MW. The new reactors are targeted to be built near Dallas and are scheduled to commence commercial operations between 2015 and 2020.

DTE Energy in February announced that it is preparing a license application to construct and operate a nuclear power plant at a site near the existing Fermi 2 reactor in Michigan. DTE anticipates filing its application with the NRC toward the latter part of 2008, which would meet the application submittal schedule criteria for receiving financial incentives included in the Energy Policy Act of 2005.

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